The market development of tractors over the years


Release time:

2024-09-30

In 2010, the tractor market in China operated steadily and presented many new characteristics.

In 2010, the tractor market in China operated steadily and presented many new characteristics. The total industrial output value and sales revenue reached 34.813 billion yuan and 40.023 billion yuan respectively. At the same time, the export delivery value continues to maintain a strong growth momentum, and the domestic market demand for large and medium-sized tractors continues to operate at a high level, but the growth rate is slowing down, and demand continues to extend towards high horsepower; The small tractor market continues to climb at a double-digit rate.
On the other hand, the demand in various regional markets is uneven, brand competition is becoming increasingly fierce, and market concentration is further increasing. However, compared to developed agricultural countries and regions such as Europe and America, it has not yet reached the level of demand saturation. In addition, the backwardness of product structure and performance is a common problem in tractor products in China, and the technical level still needs to be improved; At the same time, the chaotic market order and disorderly competition among enterprises have also exposed the quality problems that need to be improved in the quality of tractor products in China.
From the perspective of the national agricultural mechanization development strategy, the current development of agricultural mechanization in China is in the intermediate stage, with a comprehensive mechanization level of just over 50%. According to the "Opinions of the State Council on Accelerating the Good and Rapid Development of Agricultural Mechanization and Agricultural Machinery Industry", by 2020, the comprehensive mechanization rate of crop cultivation and harvest in China should reach over 65%. That is to say, there is still a significant gap between the current development of China's agricultural machinery industry and the requirements of the national agricultural mechanization development strategy. As a power source for agricultural machinery products, tractors still have a large market demand space.

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